Strong US economic reports fuel optimism

Financial markets came out of their torpor yesterday, as optimism came back with a vengeance. The release of good US economic reports as well as high expectations ahead of Mr. Biden’s budget announcements have supported equities, a move however thwarted by the parallel rebound in bond yields, the US 10y jumping above 1.6% again. This helped the USD to recover somewhat as well, the EUR/USD exchange rate falling below 1.22. The economic agenda is full today, with in particular personal spending and income data in the US as well as the core personal spending deflator, the Fed’s preferred measure of inflation.

Share this news :

You might also read :

March 30, 2022

Prices up on colder weather

European gas prices were up yesterday, supported by forecasts of colder weather. However, spot fundamentals remain comfortable overall as storages show (European gas storages are…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?